Dubai plans to move its busy international airport to a $35 billion new facility within 10 years

Dubai International Airport , the world's busiest for international travel, will move its operations to the city-state's second, sprawling airfield in its southern desert reaches “within the next 10 years” in a project worth nearly $35 billion, its ruler said Sunday.

The announcement included computer-rendered images of curving, white terminal reminiscent of the traditional Bedouin tents of the Arabian Peninsula. The airport will include five parallel runways and 400 aircraft gates, the announcement said. The airport now has just two runways, like Dubai International Airport.and the wider economic health of this city-state.

However, financial pressures have halted the move in the past. Dubai's 2009 financial crisis, brought on by the Great Recession, forced Abu Dhabi to provide the city-state with a $20 billion bailout.Planning a summer trip to Quebec's Îles-de-la-Madeleine? You'll have to pay up. See inside a Boeing 727 salvaged from an aircraft 'graveyard' and converted into a lavish Airbnb that starts at $438 a night

Aviation results: European carriers EasyJet and Jet2 fly to new heights, while Airbus prepares to overtake Boeing as headwinds continueA 21-year-old man from Mississauga is dead after crashing into another car during a road rage incident Friday evening, Ontario Provincial Police say. Provincial police responded to the call around 5:30 p.m. Friday for a six vehicle collision on Highway 400 near Simcoe Road 89 in Innisfil, Ont.

Al Maktoum International Airport International Travel Dubai World Central Sheikh Mohammed Dubai The Airport

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vancouver International Airport regains Best Airport in North America crownYVR chief praises 26,000 employees for first win since 2021
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

Vancouver International Airport regains Best Airport in North America crownYVR chief praises 26,000 employees for first win since 2021
Source: PGCitizen - 🏆 65. / 51 Read more »

UAE’s $35 Billion Egypt Deal Marks Gulf Powers’ Buying Spree(Bloomberg Markets) -- On a sweltering late-summer evening last year in southern Egypt, the country’s most storied hotel was bustling once again, hosting...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

$35 billion Thai pension fund shifts assets to gold and oil to mitigate geopolitical riskThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

West Fraser Timber earns US$35 million in first quarter, up from loss last yearVANCOUVER — West Fraser Timber Co. says it earned US$35 million in its first quarter, up from a loss of US$42 million a year earlier. Earnings per diluted share were 42 cents US, compared with a loss of 52 cents during the same quarter last year.
Source: SooToday - 🏆 8. / 85 Read more »

West Fraser Timber earns US$35 million in first quarter, up from loss last yearWest Fraser Timber Co. says it earned US$35 million in its first quarter, up from a loss of US$42 million a year earlier.
Source: BNNBloomberg - 🏆 83. / 50 Read more »